Michael Saylor, the chairman of Strategy (formerly MicroStrategy), is launching a new and audacious financial strategy to fund the company’s Bitcoin acquisitions. Moving away from common stock and convertible bonds, Saylor is now focused on using perpetual preferred stock, which he has named “Stretch,” as his primary funding source. This new funding model, which Saylor … Read more
Deribit, a leading crypto derivatives exchange, will launch Bitcoin (BTC) and Ethereum (ETH) linear options and fixed futures contracts that are settled in USDC on August 19. According to CEO Luuk Strijers, this move is aimed at increasing trading flexibility and capital efficiency for both institutional and individual investors. The new offerings will run alongside … Read more
The cryptocurrency market is experiencing some volatility, with Bitcoin (BTC) pulling back and major altcoins like Ethereum (ETH) showing signs of strength. According to a recent Bitcoin Intelligence Report, while BTC has immediate resistance at around $130,000, it has a year-end target of near $200,000. Institutional interest in Ethereum, evidenced by more than $2.9 billion … Read more
A new study by Satoshi Action Education projects a 75% probability that Bitcoin’s price will exceed $4.81 million by April 2036. The research, led by economist Murray A. Rudd, used an updated probability model that factors in supply constraints and increasing institutional demand. The study provides a range of price projections for April 2036, with … Read more
Hong Kong-based family office, Avenir Group, has significantly increased its investment in BlackRock’s Bitcoin ETF, now holding over $1 billion as of August 15. This makes Avenir Group the largest institutional holder of Bitcoin ETFs in Asia. This move signals a growing confidence among traditional financial institutions in Bitcoin ETFs. The substantial investment could not … Read more
U.S. Treasury Secretary Scott Bessent has reversed his previous stance, announcing that the government may acquire more Bitcoin for its Strategic Bitcoin Reserve beyond just seized funds. This move is intended to increase the nation’s influence in the international cryptocurrency market. President Trump established the reserve in March through an Executive Order, which initially mandated … Read more
Block Inc., led by Jack Dorsey, is shaking up the Bitcoin mining industry with the launch of its new modular Bitcoin miner, Proto Rig, and a comprehensive software platform, Proto Fleet. This move comes after the company doubled down on Bitcoin mining since late 2024. The Proto Rig miner is designed for higher density and … Read more
BlackRock’s iShares Bitcoin Trust (IBIT) has solidified its leadership in the U.S. spot Bitcoin ETF market, reaching a new record of $91.06 billion in assets under management. This milestone widens its lead over competitors, with the fund holding 3.72% of the total Bitcoin supply. The ETF’s impressive momentum, which includes attracting over $5 billion in … Read more
American Bitcoin, a mining company with ties to the Trump family, has secured a major deal with crypto mining giant Bitmain. The agreement involves acquiring over 17,000 ASICs, adding 14.02 exahashes per second to its computing power for an estimated $314 million. The primary goal of this deal is to protect American Bitcoin from potential … Read more
Bitcoin’s futures market is showing signs of increased risk as its estimated leverage ratio’s 30-day change has hit its highest level in five years. This metric, which has crossed the +0.4 threshold, suggests that a significant number of leveraged positions have entered the market while Bitcoin’s price is near its historical peak. This heightened leverage … Read more